Basics of Smart International Procurement

90 student reviews

Are you responsible for increasing your organization's international procurement and don't know where to begin? International procurement is a challenge. Buying internationally is much more complex than buying domestically.

Buying internationally involves having to expand your knowledge of many aspects of procurement that you don't have to worry about when buying domestically. Differences in cultures, laws, communications, currencies, and more have to be understood to support international procurement. And if you don't have a good foundation, your international procurement efforts will have a higher probability of failing.

But the good news is that the details of successful international procurement don't have to be a mystery. Our highly personal and interactive online course "Basics of Smart International Procurement" will teach you the critical things every purchasing professional needs to know before buying from foreign suppliers!

You will learn how to assess the cultural differences that you may experience with suppliers from different parts of the world, plus...

• 7 key characteristics of cultural differences that you need to know to avoid any unpleasant surprises from your suppliers
• How to determine whether international suppliers might be withholding bad news from you
• How international suppliers differ in the importance they place on personal relationships
• How the importance of contracts will differ among international suppliers
• When you might face one of the worst shocks - an international supplier's request to renegotiate a contract
• 5 critical clauses that should be included in every international procurement contract
• 6 principles for writing contract language that is clear and ideally suited for international procurement situations
• Tips for reducing intellectual property risks
• How to handle communication when you and your supplier have different native languages
• Little known facts for reducing communication misunderstandings with foreign suppliers, including the use of jokes, hand gestures, and written communications
• How exchange rates get factored into international procurement transactions
• How to calculate currency conversions
• Currency risks associated with international procurement transactions
• How hedging tools like forward contracts and options are used to protect buying organizations from cost increases
• 3 ways that products are services are priced and a currency strategy for each
• The increased significance of accurate forecasts in international transactions and how poor forecasts impact cost
• A risk sharing formula that truly distributes risk equally between a buyer and a foreign supplier

Sign Up For This Online Purchasing Class

A great thing about this online class is that you are GUARANTEED to be able to apply what you learn to your work. That's right - your online learning experience is 100% risk-free. If you are not satisfied for any reason whatsoever, let us know within seven days of signing up and you will get a hassle-free refund. But you'll undoubtedly be delighted, just like this purchaising professional:

"I've learned a bit with each class but all of the material presented in this class was new to me so I learned a great deal. I'm in talks now with a company that does much of its business overseas and this class will prove to be invaluable. All of the courses have been great. I anxiously await the next one!" Karen M Bushnell, MBA, SPSM Purchasing/Facilities Manager Jacksonville, Florida, USA

Sign Up For This Online Purchasing Class

Here's how this online class works. Within 24 hours of signing up, you will receive an email containing a user name, a password, and instructions. After receiving this email, you will be able to begin the class immediately!

That's right – you start the course when YOU want to, not when a schedule demands that you start. You don't have to wait to start transforming yourself into a world-class purchasing professional. You will log into the online classroom through NextLevelPurchasing.com and will be able to access the eight lessons of the class for 60 days.

You can complete the eight lessons of the course whenever you want to, as quickly or deliberately as you would like. There is no specific time that you have to be online. Each lesson takes approximately 30 to 60 minutes to complete. You can stop after doing each lesson or take multiple (or even all) lessons at one time. So for any given time that you choose to log in to the online classroom, you might spend just 30 minutes online (to take just one lesson)or up to eight hours online (if you want to complete the entire class in one sitting). It is all up to you! By participating in these lessons, you will:

• Read powerful, practical, and easy-to-understand class material
• Engage in exciting hands-on, interactive, Web-based exercises
• Listen to optional audio clips of the material
• Watch optional video summaries of each lesson
• Take quizzes that provide you with immediate feedback
• Play a fun mid-term game to reinforce your learning
• Ask questions of our instructor and get personal responses quickly

To enhance your learning experience, we've included several optional "Extra Resources" for students enrolled in this course. We'll link you to five articles and multimedia files from leading supply chain publications around the net that expand on the subject matter covered in this course! Each full-length course includes different Extra Resources.

By enrolling in this class, you will be on your way to earning your SPSM2^® Certification. Basics of Smart International Procurement satisfies a portion of the requirements towards earning the SPSM2^® Certification.

Completing "Basics of Smart International Procurement" will award you with 8 Continuing Education Hours.* These continuing education hours will satisfy a portion of the SPSM recertification requirements. Click here for more information on SPSM recertification and other continuing education opportunities.

When you complete this class, you will receive a Certificate of Completion! This full-color purchasing certificate is sent to you by postal mail and is suitable for framing. Here's what our certificates look like:

By completing this course you will also gain access to the Lifetime Purchasing Skills Retention Package, free of charge. The Lifetime Purchasing Skills Retention Package is designed to support a lifetime return of your training investment through skills-sharpening material and services that are absolutely free. This service is available for every full-length course you complete and includes:

• Monthly retention emails which focus on important course learning objectives
• Access to a Quick Reference Guide which allows you to review key points on demand
• Invitations to quarterly review webinars

Earn an extra reward for yourself, while demonstrating your commitment to having a more rewarding career. Each month, the students completing the highest number of classes will be entered into our monthly "Dedicated Purchasing Student of the Month" drawing in which one lucky, randomly-selected winner will receive a $20 gift card to Amazon.com**! In addition, we will spotlight the winning student on our website here.

And if you sign up for this purchasing training class on or before May 31, 2012, you will get all of these bonuses:

• FREE extended access to the class until August 31, 2012 - more than 150% of the usual amount of time to access the material and ask unlimited questions!
• FREE printer-friendly, PDF version of the class material!
• FREE Purchasing Performance Measurement spreadsheet template!
• FREE access to educational Web-audio interviews with supply chain leaders!

The class and all of these bonuses are yours for only $209 (US) per student . Don't procrastinate and lose out on all of these bonuses.

Click here to sign up online now

or

Print this form to sign up by mail or fax.

Need more information? Click here to send us your questions.

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*Participants who successfully complete this program will receive the specified number of hours of continuing education. They may be applied toward Next Level Purchasing's SPSM Certification program requirements as well as ISM C.P.M. recertification and/or A.P.P. reaccreditation program requirements. ISM's consent to provide a program number for this educational event is not an endorsement of this program or its content by ISM.

** Amazon.com is not a sponsor of this promotion. Amazon, Amazon.com, and the Amazon.com logo are registered trademarks of Amazon.com, Inc. or its affiliates. Amazon.com gift cards are issued by ACI Gift Cards, Inc. Restrictions apply to Amazon.com gift cards. Gift cards are redeemable only for purchases of eligible products on www.amazon.com and may not be redeemed for cash, unless prohibited by law. See www.amazon.com/gc-legal for complete terms and conditions. Next Level Purchasing will send your Amazon.com gift card by email approximately 8-12 days after you enroll.